<\/a><\/p>\n\n\n\nTwitter Inc (TWTR) Daily Chart<\/p>\n\n\n\n
Never a dull moment with Twitter and my buddy Elon these days, huh?<\/p>\n\n\n\n
In the latest turn of events, just fresh after tweeting his\u00a0Russia-Ukraine peace plan, Musk revived his bid to buy the company for $54.20 per share.<\/p>\n\n\n\n
Not surprisingly, the stock price bust through several upside barriers and formed a\u00a0double bottom\u00a0visible on its daily time frame.TWTR has yet to test and break above the pattern\u2019s neckline around $55 to confirm that a reversal is underway.<\/p>\n\n\n\n
Technical indicators\u00a0are looking mixed so far, with the 100 SMA struggling to sustain its bullish crossover above the 200 SMA.<\/p>\n\n\n\n
If this plays out, TWTR might be in for a rally of the same height as the\u00a0chart pattern.<\/p>\n\n\n\n
Meanwhile,\u00a0Stochastic\u00a0is hanging out at the overbought region, reflecting exhaustion among buyers and a possible turn lower. If that happens, Twitter share prices could follow and dip to nearby support zones.<\/p>\n\n\n\n
Of course all this hinges on the next plot twist for the company and its prospective $44 billion acquisition price tag.<\/p>\n\n\n\n
Will Elon change his mind again or will Twitter say \u201cno take backsies\u201d on the deal this time?<\/p>\n\n\n\n
And what does Musk REALLY have up his sleeve for the social media company?<\/p>\n\n\n\n
Better keep your eyes and ears peeled for updates and potential surprises when trading this one!<\/p>\n","protected":false},"excerpt":{"rendered":"
Another day, another plot twist for Twitter Inc. shares! Is the stock price finally ready for a bullish run with the latest developments? Twitter Inc. (TWTR): Daily Twitter Inc (TWTR) Daily Chart Never a dull moment with Twitter and my buddy Elon these days, huh? In the latest turn of events, just fresh after tweeting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10108"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10108"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10108\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a><\/p>\n\n\n\nTwitter Inc (TWTR) Daily Chart<\/p>\n\n\n\nNever a dull moment with Twitter and my buddy Elon these days, huh?<\/p>\n\n\n\nIn the latest turn of events, just fresh after tweeting his\u00a0Russia-Ukraine peace plan, Musk revived his bid to buy the company for $54.20 per share.<\/p>\n\n\n\nNot surprisingly, the stock price bust through several upside barriers and formed a\u00a0double bottom\u00a0visible on its daily time frame.TWTR has yet to test and break above the pattern\u2019s neckline around $55 to confirm that a reversal is underway.<\/p>\n\n\n\nTechnical indicators\u00a0are looking mixed so far, with the 100 SMA struggling to sustain its bullish crossover above the 200 SMA.<\/p>\n\n\n\nIf this plays out, TWTR might be in for a rally of the same height as the\u00a0chart pattern.<\/p>\n\n\n\nMeanwhile,\u00a0Stochastic\u00a0is hanging out at the overbought region, reflecting exhaustion among buyers and a possible turn lower. If that happens, Twitter share prices could follow and dip to nearby support zones.<\/p>\n\n\n\nOf course all this hinges on the next plot twist for the company and its prospective $44 billion acquisition price tag.<\/p>\n\n\n\nWill Elon change his mind again or will Twitter say \u201cno take backsies\u201d on the deal this time?<\/p>\n\n\n\nAnd what does Musk REALLY have up his sleeve for the social media company?<\/p>\n\n\n\nBetter keep your eyes and ears peeled for updates and potential surprises when trading this one!<\/p>\n","protected":false},"excerpt":{"rendered":"Another day, another plot twist for Twitter Inc. shares! Is the stock price finally ready for a bullish run with the latest developments? Twitter Inc. (TWTR): Daily Twitter Inc (TWTR) Daily Chart Never a dull moment with Twitter and my buddy Elon these days, huh? In the latest turn of events, just fresh after tweeting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10108"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10108"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10108\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/bpcdn.co\/images\/2022\/10\/04195252\/TWTR_2022-10-05_07-44-27.png\"){kind=link}